Regal Rexnord Corp’s filing revealed that its Chief Executive Officer Pinkham Louis V. unloaded Company’s shares for reported $1.58 million on Nov 07 ’24. In the deal valued at $180.03 per share,8,774 shares were sold. As a result of this transaction, Pinkham Louis V. now holds 149,618 shares worth roughly $25.81 million.
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Then, Pinkham Louis V. bought 8,774 shares, generating $1,579,566 in total proceeds.
Before that, Valentyn Thomas E sold 647 shares. Regal Rexnord Corp shares valued at $109,796 were divested by the EVP, General Counsel & Sec.* at a price of $169.70 per share. As a result of the transaction, Valentyn Thomas E now holds 28,412 shares, worth roughly $4.9 million.
Citigroup initiated its Regal Rexnord Corp [RRX] rating to a Buy in a research note published on October 14, 2024; the price target was $200. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Wolfe Research also remained covering RRX and has increased its forecast on December 11, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. Wolfe Research revised its rating on December 01, 2022. It rated RRX as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of RRX
On Monday, Regal Rexnord Corp [NYSE:RRX] saw its stock jump 1.63% to $172.50. Over the last five days, the stock has lost -2.16%. Regal Rexnord Corp shares have risen nearly 16.54% since the year began. Nevertheless, the stocks have risen 49.84% over the past one year. While a 52-week high of $185.28 was reached on 11/06/24, a 52-week low of $113.79 was recorded on 07/02/24. SMA at 50 days reached $168.20, while 200 days put it at $159.89.
Levels Of Support And Resistance For RRX Stock
The 24-hour chart illustrates a support level at 169.27, which if violated will result in even more drops to 166.03. On the upside, there is a resistance level at 174.48. A further resistance level may holdings at 176.45. The Relative Strength Index (RSI) on the 14-day chart is 51.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.21%. Stochastics %K at 66.53% indicates the stock is a holding.
How much short interest is there in Regal Rexnord Corp?
A steep rise in short interest was recorded in Regal Rexnord Corp stocks on 2024-10-31, dropping by -0.18 million shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.25 million shares. There was a decline of -17.07%, which implies that there is a negative sentiment for the stock.
